Snapshot from Jun 09, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Bybit Launches StraitsX_USD Earn Campaign
Business promotional campaign

Bybit Launches StraitsX_USD Earn Campaign

Analysis based on 7 articles · First reported May 18, 2026 · Last updated May 18, 2026

Sentiment
30
Attention
2
Articles
7
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The launch of this earn campaign by Bybit is expected to increase user engagement and deposits on the Bybit platform, potentially boosting its trading volume and market position. For StraitsX USD, the increased adoption of StraitsX USD through this campaign could lead to higher transaction volumes and enhanced credibility in the stablecoin market.

Cryptocurrency Financial Services
Event Summary

Bybit, the world's second-largest cryptocurrency exchange, has launched a limited-time XUSD earn campaign from May 18, 2026, to June 17, 2026. The campaign allows users to earn a competitive Annual Percentage Rate (APR) and share in a 65,000 StraitsX USD rewards pool through Bybit Earn's Fixed Easy Earn plan. To participate, users must deposit StraitsX USD, a stablecoin issued by StraitsX USD, through the Mantle chain or purchase it on Bybit Spot. New users need to deposit at least 100 StraitsX USD, while existing users require a minimum of 500 StraitsX USD. StraitsX USD is noted for being the first stablecoin globally to comply with a central bank stablecoin regulatory framework under the Singapore — Monetary Authority of Singapore's Single Currency Stablecoin Framework, with cumulative on-chain transaction volume surpassing $1.5 billion.

Key Actions
100 Bybit launched earn campaign
70 StraitsX USD issued StraitsX USD
60 StraitsX USD complied with framework Singapore — Monetary Authority of Singapore
Entities Involved
exch
Bybit
Bybit launched a promotional campaign for its Bybit Earn product, offering competitive APRs and a rewards pool for users depositing StraitsX USD (XUSD). This initiative aims to attract new users and increase engagement on its platform, potentially boosting its market share and user base.
Importance 100 Sentiment 40
crypto
StraitsX USD
StraitsX USD (XUSD) is the stablecoin being promoted in Bybit's earn campaign. The campaign is designed to increase its usage and liquidity on the Bybit platform, potentially driving up its transaction volume and market presence.
Importance 80 Sentiment 20
crypto
StraitsX USD
StraitsX USD is the issuer of StraitsX USD (XUSD), the stablecoin central to Bybit's earn campaign. The campaign increases the visibility and adoption of XUSD, reinforcing StraitsX USD's position in the stablecoin market and highlighting its compliance with regulatory frameworks.
Importance 70 Sentiment 20
cbnk
Singapore — Monetary Authority of Singapore
The Singapore — Monetary Authority of Singapore is mentioned as the regulatory body whose Single Currency Stablecoin Framework StraitsX USD complies with for StraitsX USD (XUSD). This highlights the regulatory compliance of XUSD, adding credibility to the stablecoin.
Importance 10 Sentiment 0
cnt
Singapore
Singapore is the host nation for the Singapore — Monetary Authority of Singapore, which has a regulatory framework that StraitsX USD complies with. This indirectly highlights Singapore's role in cryptocurrency regulation.
Importance 5 Sentiment 0
NEWSDESK
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About NewsDesk

NewsDesk is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.newsdesk.dev.